0001193125-18-186375 Sample Contracts

EVANSTON CAPITAL MANAGEMENT, LLC
Expense Limitation Agreement • June 7th, 2018 • Evanston Alternative Opportunities Fund

With reference to (i) the Investment Management Agreement entered into by Evanston Capital Management, LLC (the “Adviser”) with Evanston Alternative Opportunities Fund (the “Fund”) on February 12, 2014 and (ii) the Expense Limitation Agreement dated as of February 12, 2014, the Expense Limitation Agreement dated as of June 1, 2015, the Expense Limitation Agreement dated as of June 1, 2016 as amended as of September 14, 2016 and the Expense Limitation Agreement dated as of July 19, 2017 (each, a “Prior Expense Limitation Agreement”), we hereby notify you as follows:

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